SIJ ACRONI TO BE HEADED BY BRANKO ŽERDONER

Jesenice, 19 June‒ On 15 June 2018, the Management Board of the SIJ Group appointed Branko Žerdoner, MSc, a manager with over 35 years of experience in running large companies, the Managing Director of SIJ Acroni. Brako Polanc, who has been the Managing Director until now, will assume the post of Director of Operations.

On June 15 2018, the Management Board of the SIJ Group appointed Branko Žerdoner, MSc, Managing Director of SIJ Acroni, the largest steel production company of the SIJ Group. Mr Žerdoner is a manager with over 35 years experience in managing and restructuring large companies operating in global markets. He brings experience from the automotive industry into the SIJ Group, and he has also worked in the steel industry before. Branko Žerdoner, MSc, was a long-standing president of the board of directors at Mariborska livarna Maribor, he was a member of the management boards of Ravne Steelworks and Slovenian Steelworks, and the managing director of the company Metal Ravne (now SIJ Metal Ravne).

Branko Polanc, who was the Managing Director of SIJ Acroni until now, remains part of the company's management, and will assume the position of Director of Operations.

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The SIJ Group is the largest vertically integrated metallurgical group in Slovenia, occupying with its products leading positions on European and global niche steel markets. Alongside the Metallurgy Division (its core business), the SIJ Group is also composed of the Poultry Division (the Perutnina Ptuj Group). Together, the two divisions created revenues of 1.012 billion Euros in 2017, 103.8 million Euros of earnings before interest, taxes, depreciation and amortisation (EBITDA), and a net profit of 15 million Euros. Both divisions created most of the 2017 revenues in foreign markets. Steel exports amounted to 821.5 million Euros, which is 81.1 percent of the total revenues.